Web3 services provider Venly and genomic analysis technology provider Genome Insight each raised $23m while Rui Ye Lian helped Cedarlake Capital close a $189m fund.

Funding Belgium-headquartered blockchain and cryptocurrency services provider Venly has secured $23m from investors including digital currency exchange Coinbase’s corporate venturing unit, Coinbase Ventures. The round was led by Courtside Ventures and also featured Transcend Fund, Tioga Capital, High-Tech Gründerfonds, Fortino Capital, Plug and Play, Leadblock Partners, Imec Istart, Powerhouse Ventures and Alpaca VC. US-based genome analysis technology developer Genome Insight raised $23m on Saturday in a series B round that included digital transformation services provider VNTG Corporation. The round was led by Dunamu & Partners and also backed by InterVest, Signite Partners, KC Investments Group, DSC Investment, Paratus Investment and Schmidt. Digital payment processor PayPal contributed to a $21m funding round for Concerto, a US-based provider of credit card partnership schemes, through corporate venturing unit PayPal Ventures yesterday. The round was led by Matrix Partners and also backed by GoldenTree Asset Management. Switzerland-based T-cell receptor therapeutics developer Engimmune Therapeutics closed a $16.7m seed round co-led by pharmaceutical firm Novo today. The round was co-led with Pureos Bioventures and it came after Enginmmune was spun out of ETH Zurich and incubated by BaseLaunch. Fashion retailer Boozt has paid an undisclosed amount for a 30% stake in Denmark-based digital commerce software provider Liveshopper. The latter said in a press release Boozt provided a ‘double-digit million’ amount without specifying the currency in which it invested. Brazil-headquartered esports organisation Loud launched a decentralised autonomous organisation called Snackclub on Friday that will operate as an investor hub for the Web3 sector, with $9m from external investors including blockchain game developer Animoca Brands and Jump Crypto, a subsidiary of proprietary trading firm Jump Capital. The round was led by Mechanism Capital and also featured Ascensive Assets, Formless Capital, OP Crypto, ROK Capital and Shima Capital. Proprietary cryptocurrency trading firm Dexterity Capital and VC fund Hack VC have co-led an $8.5m seed round for Vertex Protocol, the Singapore-based creator of a decentralised protocol for spot and derivatives trading across multiple currencies. They were joined by cryptocurrency exchange Huobi and trading firms GSR, Hudson River Trading and Jane Street in addition to Collab+Currency, JST Capital, Big Brain Holdings and Lunatic Capital. Oil and gas supplier Enbridge provided $6.6m in funding yesterday for Smartpipe Technologies, the US-based developer of a non-metallic pipeline system for fossil fuels. It came five years after Notion Capital led an $18.8m series A round that included communications equipment maker Comba Telecom, Finance Wales, Delta Partners, Wren Capital and unnamed others. OwnID, the Israel-based developer…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.